Fed Sticks to 'Patient' Tack on Rate Increases--3rd Update

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By Jon Hilsenrath The Federal Reserve signaled it would keep short-term interest rates near zero at least until midyear, while also setting the stage for tough decisions in the coming weeks about whether it should wait even longer. Economic activity ...

Thailand's December Industrial Production Weakens at Slower Pace

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By Nopparat Chaichalearmmongkol BANGKOK--Thailand's industrial production continued to weaken in December, albeit at a much slower rate, partly due to an increase in exports of industrial goods, according to the monthly report from the Industry Ministry. Thailand's December manufacturing production ...

China PBOC to Inject Net $8.8 Billion This Week

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

SHANGHAI--China's central bank is injecting 55 billion yuan ($8.8 billion) into the banking system this week to meet rising cash demand ahead of the Lunar New Year holiday. The People's Bank of China is offering CNY45 billion of 28-day reverse ...

China Shares Lead Asian Markets Lower

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

Chinese stocks fell the most in Asia on Thursday in response to fresh worries over restrictions on lending by local brokerages, while the rest of the region reacted to expectations that the U.S. Federal Reserve will remain patient in raising ...

GOP Split on Obama Request for More Defense Spending--Update

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By Kristina Peterson and Julian E. Barnes WASHINGTON--President Barack Obama will send Congress a fiscal year 2016 budget next week proposing both military and domestic spending at levels surpassing the limits lawmakers agreed to in a hard-fought 2011 deal. After ...

Dollar Rises Against Euro on Fed Minutes

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By James Ramage The dollar strengthened against the euro on Wednesday after the Federal Reserve's policy-making committee signaled it would keep interest rates near zero at least until June. The Federal Open Market Committee reiterated its pledge to take a ...

Aussie Dollar Hit by Rate Cut Talk

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

SYDNEY--The Australian dollar fell to a 5.5-year low Thursday amid growing speculation the country's central bank would cut interest rates in coming months. A rate cut by the Reserve Bank of Australia would see the central bank join a growing ...

China to Crack Down on E-commerce Fakes

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

BEIJING--China's Ministry of Commerce said Thursday it would step up its efforts to prevent the sale of counterfeit goods through the country's burgeoning e-commerce market. "The sale of fake goods at some online stores is rampant," ministry spokesman Shen Danyang ...

GOP Split Over Expected Obama Request for More Defense Outlays

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By Kristina Peterson And Julian E. Barnes WASHINGTON--When President Barack Obama sends his fiscal year 2016 budget to Congress next week, Republicans are likely to reject much of it as too much government spending. But the party is torn over ...

Asian Shares Fall -- Update

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By Chao Deng Asia shares were mostly lower Thursday with China suffering the most, in response to fresh worries over Beijing's restrictions on lending by local brokerages. Hong Kong's Hang Seng Index fell 1.1% and Japan's Nikkei Stock Average was ...

Japan Dec Overall Retail Sales +0.2% on Year

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

TOKYO--Japanese retail sales rose 0.2% in December from a year earlier, marking the sixth straight month of increase, the government said Thursday, on stronger sales of cosmetics and food and beverage products. The figures, released by the Ministry of Economy, ...

India's Central Bank Will Likely Leave Rates Steady, Economists Say

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By Gabriele Parussini MUMBAI--Reserve Bank of India Governor Raghuram Rajan will likely leave lending rates unchanged at Tuesday's policy meeting, economists say, after a surprise cut earlier this month that caught markets off guard. As Mr. Rajan prepares for his ...

Dollar Higher Against Yen on Month-End Dip Buying

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By Hiroyuki Kachi The dollar rose against the yen in Asian trade Thursday, driven by month-end dip buying by Japanese corporate investors. Market participants also pointed to comments by Japan's top spokesman that some interpreted as the government leaving open ...

Qualcomm Shows Unexpected Growth but Still Cuts Outlook -- Update

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By Don Clark And Tess Stynes Qualcomm Inc. showed surprising growth in its latest quarter, but lowered its sales targets to reflect shifting fortunes among smartphone makers and stiffer competition in China. The San Diego-based chip maker benefited in its ...

Hon Hai Units' Merger Plan Hits Hurdle

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By Aries Poon And Lorraine Luk TAIPEI-- Hon Hai Precision Industry Co.'s effort to expand beyond contract manufacturing has hit a hurdle after regulators asked that a merger proposal for its two telecom units be resubmitted. Taiwan's National Communications Commission ...

RBC Leads Canadian Banks in Trimming Prime Rate -- 2nd Update

TODAY: Jan. 29, 2015 PUB DATE: Jan. 28, 2015

By Rita Trichur TORONTO--Royal Bank of Canada became the first major Canadian lender to trim its prime lending rate in response to last week's surprise interest-rate cut from the Bank of Canada. Canada's second-largest bank by assets said it would ...

Oil Resumes Slide as U.S. Supply Seen Rising Again

TODAY: Jan. 29, 2015 PUB DATE: Jan. 28, 2015

By Eric Yep Crude-oil futures resumed their fall in Asian trade Wednesday with another surge in weekly U.S. oil supply expected to keep oil prices under pressure. On the New York Mercantile Exchange, light, sweet crude futures for delivery in ...

Asian Shares Mostly Lower

TODAY: Jan. 29, 2015 PUB DATE: Jan. 28, 2015

Stocks in Asia were mostly lower Wednesday as investors cautiously awaited a U.S. Federal Reserve statement for clues on the timing of any interest rate rise, while the Singapore dollar plunged to a 4 1/2 year low after Singapore's central ...